0001580642-20-003874 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • October 28th, 2020 • Advisors Preferred Trust • Maryland

This AGREEMENT is made and entered into with effect October 20, 2020, and supersedes any prior sub-advisory agreement, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Kensington Analytics, LLC, a Texas limited liability company registered under the Advisers Act (the "Subadviser") (the Adviser and Subadviser, collectively, the "Parties"), with respect to the Kensington Dynamic Growth Fund (the "Fund"), a series of the Advisors Preferred Trust (the "Trust").

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THIRTEENTH AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • October 28th, 2020 • Advisors Preferred Trust

THIS THIRTEENTH AMENDMENT, effective as of October 14, 2020, to the Custody Agreement, originally made and entered into as of January 4, 2013, as amended May 16, 2013 July 24, 2013, October 5, 2013, October 29, 2013, April 10, 2014, November 18, 2014, February 17, 2015, October 28, 2015, August 1, 2016, February 19, 2019, March 28, 2019, and August 12, 2019, and August 19, 2019 (the "Agreement''), is entered into by and between ADVISORS PREFERRED TRUST, a Delaware statutory trust, (the "Trust") and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the "Custodian").

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